Ex Ante Economic Impact of Genetically Modified (GM) Cowpea in Benin

Sika Gbegbelegbe Dofonsou, James Lowenberg-DeBoer, Razack Adeoti, Ousmane Coulibaly and Jayson Lusk

No 9817, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The net impact of pest-resistant GM crops on the welfare of both producers and consumers in developing countries is currently unknown and subject to speculation. This study uses choice-based conjoint protocol to estimate the net impact of pest-resistant Genetically Modified (GM) cowpea on net social welfare in Benin given price and income risks. Results imply that Bt cowpea will increase expected net social welfare by about $US 50 million per year in Benin given no inefficiencies in the seed sector. If inefficiencies in the seed sector are such that cowpea growers can access Bt cowpea seeds only 50% of the time, net benefits from Bt cowpea drop to about $US 11 million per year.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 32
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9817

DOI: 10.22004/ag.econ.9817

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